Clients

FINANCING & INVESTING FOR LOCAL GOVERNMENTS

Long-Term BorrowingFixed Rate - 5 to 30 year term

10 year loan rate 1.43%

Short-Term FinancingFloating Daily Rate - up to 5 year term

August 14, 2020 rate 1.49000 %   

Historical rates

Equipment FinancingFixed Monthly Rate - up to 25 year term

August 2020 rate 1.49750 %

Historical rates

Pooled Investments

August 13, 2020 Daily Price

Money Market Fund / $10.0000 / unit

Govt. Focused Ultra-short Bond Fund / $9.7081 / unit

Short-term Bond Fund / $10.1319 / unit

Fossil Fuel Free Short-term Bond Fund / $ 10.1427 / unit

August 13, 2020 Daily Annualized Yield

Money Market Fund / 0.504 %

Govt. Focused Ultra-short Bond Fund / 0.353 %

Short-term Bond Fund / 0.943 %

Fossil Fuel Free Short-term Bond Fund / 0.906 %

Historical Yields and Prices

Pooled High Interest Savings Account

March 30, 2020

CIBC .90%

March 31, 2020 

National Bank of Canada .82 %

 

 

What's New?

ANNOUNCING MFA'S FOSSIL FUEL FREE INVESTMENT OPTIONS:
Please see memo for details.

Webinar: Executive Panel on Navigating the Complexities of COVID-19 

August 18, 2020 - 2:00-3:30pm PDT. Register here. This joint LGLA & MIABC webinar is free to join for staff and elected officials of BC local governments.

LONG TERM FINANCING - INVOICING PROCEDURE CHANGE:

Effective March 12, 2020. Please see memo for details.

Equipment Financing Rate Change:

Effective Jan. 1, 2020. Please see memo for details.

Fall 2020 Long-Term Borrowing Opportunity & Notice of Actuarial Reduction:

Please see memo for details and deadlines.

Change in Debt Reserve Fund Disbursement Process:

Please see memo for details.

Long-Term Debt Issue Proceeds Disbursement:

INVESTORS' FORUM WEBINAR:

Register here. June 16, 2020 - 9:30-11:00am

LATEST NEWS:

RESOURCE: Managing Cash Flow in a Crisis

GFOA shares simple-to-use Excel-based cash flow models and presentation materials. View these resources on their website.

Follow MFABC

Twitter @MFAofBC 
LinkedIn

Investors

2020 BCMFA Credit Ratings

  • Moody's: Aaa "Stable"
  • Fitch: AAA "Stable"
  • Standard & Poor's: AAA "Stable"

Short Term Ratings

  • Moody's: P-1
  • Standard & Poor's: A-1+

Bond Rate - 10 year

1.29%

INVESTOR RELATIONS

RESEARCH REPORTS

 

 

 

 

 

 

 
 
 
 
 

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